Delta cuts summer Europe fares up to forty five percent
Delta Air Lines announces a summer fare sale to Europe offering discounts up to 45 percent to high paying business travelers. Continental matches the promotion. other major carriers weigh the move as USAir offers no comment.
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Delta Air Lines
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MCI founder William McGowan dies after heart attack
William G McGowan, 64, founder and feisty chairman of MCI, died after a heart attack at Georgetown University Hospital. Flags at MCI Cedar Rapids facilities were lowered to half staff. McGowan led a battle against AT&T, fueling the breakup of the Bell system and expanding choices and lower prices for long distance. Bert Roberts Jr was named interim CEO as the board prepares to meet June 23.
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Associated Press and Gazette
MCI Communication Corp
Cedar Rapids
William G. McGowan
Feisty
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McGowan
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Bert Roberts Jr
Roberts
Weekend rain helps crops little in Iowa report
Weekend rainfall gave modest relief to Iowa corn soybeans and hay but moisture remains short. State rainfall averaged 0.17 inch for the week, far below the 1.02 inch normal, while topsoil and subsoil moisture showed declines and herbicide stress appeared in soybeans and corn.
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Des Moines
Iowa
Wall Street swings on Fed policy uncertainty
The Dow rose 5.44 to 3404.13 while the NYSE saw more decliners than advancers as 161.11 million shares traded. In Eastern Iowa, 13 stocks advanced, 15 fell, 11 were unchanged amid mixed rates and a looming debate on Fed credit steps. Procter & Gamble rose 1 percent to 102 as analysts noted ongoing confusion after Friday's weak jobs report and higher unemployment. Long-term Treasury yields held near 7.84 percent.
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Associated Press and Gazette
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Iowa
Weyerhauser
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New Oncology Center to Rise in Cedar Rapids
Oncology Associates of Cedar Rapids plans a two story 14826 square foot facility on 10th Street SE between Fifth and Sixth avenues. The building will expand outpatient cancer and blood disorder care and house space for the Cedar Rapids Oncology Project with the National Cancer Institute. Architect Shive Hattery. builder Kinderknecht. completion set for November 30. Mercy Hospital buys the 6500 square foot 788 Eighth Ave SE building.
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Ethics and PR leaders urge honesty in business practice
Rosalee Roberts of the Public Relations Society of America urges ethics despite cost to jobs. She notes gray areas in corporate conduct and calls for ethics education in business schools, arguing PR is a management function integral to ethics, consumer affairs, and shareholder rights.
World Pork Expo draws record crowd in Des Moines
The fifth annual World Pork Expo at the Iowa State Fairgrounds set an attendance record with 70,339 visitors over Friday to Sunday. Expo manager Gary Slater praised growing consumer and producer interest as Baron & His Pitmasters led by Paul Kirk won the Great Park Barbedrossal barbecue cookout, earning a $4,000 prize.
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Gary Slater
Baron & His Pitmasters
Paul Kirk
Roeland Park
Dan
Great Park
Pfizer Animal Health
Kirk
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